As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
As vehicle prices have risen, amid elevated interest rates and high living costs, so too have repossessions in recent years.
Repossession for a car happens when you’ve defaulted on your auto loan, and your lender may seize the vehicle to recover its losses. In many states, lenders are not required to give you notice before ...
So, you missed a few car payments and now a tow truck is at your door. Don’t worry, all is not lost. Though it seems like you have no options left, there are still some things you can do to keep your ...
Losing a car to repossession is a personal financial crisis that impacts our ability to work, to take care of our basic needs ...
Default can happen after just one missed car payment, but in most cases, auto loans won’t be charged off until you stop paying for multiple months — generally up to 120 days. Your lender will likely ...
We are receiving mixed messages regarding trends in repossessed cars. Some experts see the recent spike in repos as the market sorting itself out after record-low repossession rates the past couple of ...
Car repossessions are jumping nationwide and the reasons may surprise you. Consumer Investigator Rachel DePompa shares what ...
Ford is trying to patent technology that would allow cars to repossess themselves. As first spotted by The Drive, a Ford patent application titled "Systems and Methods to Repossess a Vehicle" was ...
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. DOLTON, Ill. — When a lender sent a ...
When an account falls into default and results in repossession, the impact extends well beyond the loss of the asset. That negative mark becomes part of the borrower’s credit history and can shape how ...
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Repossession attempt goes sideways: Watch
A routine vehicle repossession attempt at Parkdale Mall in Beaumont, Texas, escalated into a chaotic and highly visible ...
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